|
Description |
The subject property is located on the north and
south sides of State Highway 121 (SH 121) between East Hillpark
Road and Standridge Drive in the City of Lewisville, Denton
County, Texas. The property is comprised of multiple parcels
originally totaling 411 acres. About 247 acres have been sold,
leaving approximately 164 acres available for purchase. The
property has approximately 1,976 linear feet of available
frontage along the north side of SH 121 and approximately 2,851
linear feet along the south side of SH 121. Frontage along Old
Denton Road is approximately 1,325 linear feet, and frontage
along FM 544/Parker Road is approximately 1,431 linear feet.
There is an 18-acre parcel of commercial located
on the south side of SH 121, bordered on the west by the
railroad tracks, that would provide an excellent location for a
mini storage facility, a car dealership, or a retail center.
An 80-acre parcel of commercially-zoned land
also is located on the south side of SH 121, bordered on the
west by Old Denton Road. This parcel is located just north of
the Castle Hills development and is adjacent to a
middle school recently built by the Lewisville ISD. A senior housing
development abuts the property as well. This location is perfect
for a power center; in fact, Target will be breaking ground on a
new store nearby in the Spring of 2008.
Two multi-family developers, a townhome
developer, an insurance company, an industrial warehousing
group, and Lewisville ISD have bought and developed parcels from
this property.
|
